Wabag meets FY26 guidance: 20% revenue growth, ₹172 bn orders
Revenue of ₹3,944 cr and PAT of ₹370 cr were in line with prior company guidance; market reaction already priced in.
— 8 earlier stories on VA Tech Wabag Ltd. →What's new
- Revenue rose 20% to ₹3,944 cr, in line with guidance.
- PAT up 26% to ₹370 cr; net cash positive for 6th year.
- Board recommended ₹5/share final dividend.
Why this matters
Wabag's results are strong but not news — the company had pre-announced the trajectory. For investors, the real story is the order book, which at ₹172 bn provides revenue visibility for the next 2-3 years. The net cash position and dividend reinforce financial discipline, but none of this changes the current valuation thesis.
What we're watching
- Order inflows in H1FY27, especially large international EPC contracts.
- Margin trajectory as execution on the ₹172 bn order book progresses.
- Any update on guidance for FY27.
The full read
VA Tech Wabag closed FY26 exactly where it said it would. Revenue climbed 20% to ₹3,944 million, PAT rose 26% to ₹370 million, and the order book hit ₹172 billion — enough to keep execution visible for years. The company is net cash positive for the sixth straight year, and the board added a ₹5 final dividend. None of this is a surprise: Wabag had guided the numbers earlier, and the market had already moved. What the filing does confirm is that execution is on track and the balance sheet remains clean. The next test is how fast the order book converts to revenue and whether those margins hold. For now, this is a steady-As report card, not a call to action.
VA Tech Wabag Ltd.
Latest quarter · Mar 2026
Strength & growth
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All notes on WABAG →- 21 May 2026 · 4:56 PM IST Wabag meets FY26 guidance: 20% revenue growth, ₹172 bn orders
- 11d ago WABAG lands $30-75m Vienna drinking water plant
- 23d ago WABAG lands >$150M desalination plant in Kuwait, first Gulf entry
- 33d ago Wabag wins first UAE contract with $30-75m Ajman sewage deal
- 47d ago Wabag sees ₹17,200 cr backlog, plans to double maintenance revenue share